Public Township Council Meeting — Packet

5. Township of West Orange shall approve the property selection prior to the purchase of any house intended to fulfill the requirements of the Special Needs Partnership. 6. The Department of Human Services will determine the suitability of the identified property for the intended population. 7. HMFA will coordinate with DHS such that a site inspection will take place within 15 business days of notification by DHS that the property is suitable and DHS or HMFA will develop an estimate of the cost of necessary renovations including accessibility modifications. 8. The results of each site inspection shall be available at HMFA within 10 business days of said inspection. 9. Upon receiving notification from DHS that a proposed property is suitable, the qualified developer will submit an application to HMFA for consideration. Thereafter, HMFA will order an appraisal of the subject property. 10. HMFA will coordinate the terms by which DHS will provide operational and service funding for the project, and/or terms by which a service provider will demonstrate a source or sources of operating and service subsidy other than DHS. 11. If Our House, Inc. is unable to enter into a contract to purchase the subject property within 120 days from the date the developer’s application is accepted by HMFA, the municipality may identify another property or another developer. 12. The disbursement of funds for acquisition will occur at closing. 13. The municipality shall require Our House, Inc. to include, in any transfer of ownership, a deed restriction maintaining the use of the premises and any of the units therein as a residence for the sole purpose of housing developmentally disabled individuals for 20 years, the term required by the DHS. 14. Once the property is acquired, HMFA shall issue a close-out report including, but not limited to, the property location, amount awarded to Our House, Inc. and any other relevant information. 15. The Township of West Orange shall receive the affordable housing credits for each bedroom which is included in the deed restriction as set forth in Paragraph 13 pursuant to the affordable housing regulations in effect on the date the deed restriction is recorded.